Kinik Co. (1560) AI Stock Analysis

Kinik Co.

(TWSE:1560)

Select Model

Rating:68Neutral

Price Target:TWD 729.00▼(-1.09% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial health, especially improving leverage and profitability. This is offset by weaker cash-flow conversion, bearish technical positioning despite oversold indicators, and an expensive valuation with a low dividend yield.

Positive Factors

Revenue and earnings growthThe return to revenue growth after the 2023 decline, combined with strong earnings expansion, indicates improving demand for Kinik’s abrasive products. Continued sales growth can support operating leverage, fund investment in precision-material capabilities, and reinforce customer relationships over the next several quarters.

Negative Factors

Weak cash conversionThe gap between accounting earnings and free cash flow means less profit was converted into deployable cash during 2025. If this persists, heavier reinvestment or working-capital needs could constrain funding flexibility, limit shareholder distributions, and reduce the quality of reported earnings.

Kinik Co. (1560) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 109.26B
Dividend Yield: 0.67%
Average Volume (3M): 1.73M
Price to Earnings (P/E): 54.2
Beta (1Y): 1.48
Revenue Growth: 23.55%
EPS Growth: 77.73%
Country: TW
Employees: 1,771
Sector: General
Sector Strength: 55
Industry: Industrial - Specialties

Kinik Co. Business Overview & Revenue Model

Company Description

Kinik Company, established in 1953 and headquartered in New Taipei City, Taiwan, operates internationally, manufacturing and distributing a diverse range of industrial abrasives, precision cutting tools, and reconditioned wafers. Their extensive prod...

Kinik Co. Financial Statement Overview

Summary

Strong financial profile supported by sustained revenue and net-income growth, improving equity returns, and materially lower leverage. The main weakness is declining free cash flow and weaker cash conversion in 2025.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.05B	8.15B	7.02B	6.38B	6.91B	6.03B
Gross Profit	3.16B	2.58B	2.19B	1.94B	2.53B	1.86B
EBITDA	2.53B	1.95B	1.91B	1.60B	2.22B	1.59B
Net Income	1.77B	1.36B	1.04B	852.12M	1.25B	676.57M
Balance Sheet
Total Assets	14.89B	13.26B	11.05B	9.86B	9.54B	10.16B
Cash, Cash Equivalents and Short-Term Investments	2.33B	1.58B	2.00B	995.12M	1.13B	1.92B
Total Debt	1.67B	2.42B	2.10B	2.01B	1.94B	3.85B
Total Liabilities	5.46B	4.77B	3.62B	3.39B	3.45B	5.11B
Stockholders Equity	9.11B	8.14B	7.13B	6.17B	5.76B	4.75B
Cash Flow
Free Cash Flow	880.57M	849.51M	1.27B	756.87M	1.76B	1.01B
Operating Cash Flow	2.39B	1.91B	1.62B	1.29B	1.95B	1.26B
Investing Cash Flow	-1.68B	-1.91B	-462.38M	-936.85M	-485.48M	20.20M
Financing Cash Flow	23.13M	-457.41M	-172.61M	-488.84M	-2.28B	-30.67M

Kinik Co. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1560 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6187	69Neutral	TWD 98.80B	52.30	―	1.15%	0.81%	12.66%
TW:1560	68Neutral	TWD 113.47B	54.15	―	0.67%	23.55%	77.73%
TW:2467	66Neutral	TWD 50.73B	26.03	―	1.71%	71.68%	144.03%
TW:8021	57Neutral	TWD 54.28B	55.90	―	0.49%	70.02%	257.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:7610	54Neutral	TWD 77.55B	41.02	―	0.03%	―	―
TW:3167	53Neutral	TWD 71.70B	63.61	―	0.44%	121.90%	250.43%

* General Sector Average

Performance Comparison

TW:1560 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1560	Kinik Co.	737.00	426.08	137.04%
TW:2467	C Sun Mfg. Ltd.	322.50	152.61	89.83%
TW:3167	Ta Liang Technology Co., Ltd.	881.00	676.99	331.84%
TW:6187	All Ring Tech Co., Ltd.	1015.00	693.09	215.31%
TW:7610	LIANYOU METALS CO.,LTD.	1330.00	1245.02	1465.09%
TW:8021	Topoint Technology Co., Ltd.	394.50	270.15	217.25%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Kinik Co. AI Stock Analysis